PA Trading with EMAs & common Sense
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DislikedIs it possible to trade just a single H1 chart without looking at the H4, D1? Imho yes, if I can see a clear H1 Structure and a clear KeyLevels (MAs, Sup/Res, TLs) I can make Money in this Fall. I show 10 H1 Charts with possible Setups for yesterday's Trading (Friday 11 March from 07:00). I selected these charts from left to right from my MT4 terminal. s. Pic atb vvm {image}Ignored
Disliked{quote} I understand the first two but the last, "Bearish 2 barReversal" can you explain that a bit more pls? What is the entry signal here that the two legged PB is finished?Ignored
Dislikedafter Al Brooks: the most Moves have 2 Legs {quote} 1. Simple Explanation for this SellSetup it is a Setupname for 2 Bars in a Row near a Res the firts is a Bull Bar and the second is a Bear Bar 2. It is not a 2Legged PuB It is a common UpMove & it has 2 Legs atb vvmIgnored
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If you learn to read the charts, you will catch a great number of these profitable trades every day without ever knowing why some institution started the trend and without ever knowing what any indicator is showing. You don't need their software or analysts because they will show you what they are doing. All you have to do is piggy-back onto their trades, and you will make a profit. Price action will tell you what they are doing and allow you an early entry with a tight stop
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Preface
I have found that I consistently make far more money by minimizing what I have to consider when placing a trade. All I need is a single chart on my laptop computer with no indicators except a 20-bar exponential moving average, which does not require too much analysis and clarifies many good setups each day. I sometimes trade even without the moving average, but it provides enough setups that it is usually worth having on the chart.